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Wednesday, November 9, 2011

Oil & Gas stocks are active as oil trades back around $95 in November 2011. Below is a list of the top rated Oil & Gas stocks. Check out my Top Oil Stock Picks in 2012. Also, I would keep tabs on the latest developments in the Eagle Ford Shale & Bakken Shale.

ConocoPhillips (COP) - ConocoPhillips (COP) dropped back to $70 on Wednesday. COP will have support at $67 and resistance at $75. COP is a strong buy below $65 for the long term. ConocoPhillips (COP) is active in the new emerging shale play called the Tuscaloosa Shale.

Devon Energy Corporation (DVN) - Devon Energy (DVN) is back testing $66. DVN will have resistance located at $67. DVN is a strong buy below $60.

Chesapeake Energy Corporation (CHK) - Chesapeake Energy Corporation (CHK) is trading back below $26. CHK has really ramped up in the Eagle Ford Shale & Bakken Shale over the past eight months. They have also signed a huge JV in the Niobrara Shale. CHK is now a legit USA Oil Play and is a buy below $25. Chesapeake Energy Corporation (CHK) recently did a Utica Shale multi billion dollar joint venture.

Western Refining, Inc. (WNR) - Western Refining, Inc. (WNR) is trading back below $17. WNR is a buy below $15 for a trade.

Cabot Oil & Gas Corporation (COG) - Cabot Oil & Gas Corporation (COG) has some nice oil assets around the USA and is the first company to talk about the Chainman Shale. We also recently heard about the Smackover Brown Dense, another emerging play.

Anadarko Petroleum Corporation (APC) - Anadarko Petroleum Corporation (APC) is all over the place in the US and Internationally. I personally like APC because of their Eagle Ford Shale and Niobrara Shale holdings. APC has support at $70, resistance is located at $81.

Hess Corporation (HES) - Hess Corporation (HES) is a solid energy company worth watching going into 2012. HES is currently trading at $61.39 and is a buy below $55 if we see a large pullback.

The Dow Jones Industrial Average closed at11781on 11/9/11, as the stock market dropped hard due to italian bond rates spiking well above 7%. It was only a matter of time before Wall St. woke up to this news. For weeks these rates have been spiking but stocks have been rising. If we see another bond yield spike on Thursday, stocks will fall even further.

Inhibitex Inc. (INHX) - Inhibitex Inc. (INHX) bounced off $9 on Wednesday and rallied into the $10's. Pullbacks below $9.00 are a buy with a stop placed at $8.54. Price targets on INHX are between $12-$25 for 2012 based on positive trial data continuing.

Molycorp (MCP) - Molycorp (MCP) bounced off $39 on Wednesday. Molycorp (MCP) will have support located at $39 this week. I own MCP in my long term account and plan to add more ( hopefully below $40 ) in 3-4 weeks.

Travelzoo Inc. (TZOO)- Travelzoo Inc. (TZOO) has a Local Deals Business which continues to see strong growth and is the future of the company. TZOO is back trading in the $28's. TZOO will have resistance located at $32 in the near future. TZOO is a buy below $24.

Hyperdynamics Corporation (HDY) - Hyperdynamics Corporation (HDY) is back trading in the low $4's. HDY will have resistance located at $4.75. HDY will have support located at $3.75. Discuss HDY

Green Mountain Coffee Roasters Inc. (GMCR) - Green Mountain Coffee Roasters Inc. (GMCR) is back to $67 ahead of earnings. GMCR is now a buy in my opinion below $60. GMCR could run back into the high $70's in the next three months.

Kodiak Oil & Gas Corp. (KOG) - Kodiak Oil & Gas Corp. was one of my best oil stock ideas for 2011. Kodiak Oil & Gas Corp. (KOG) is one of the up and coming companies in the Bakken Shale. KOG was down above 4% on Wednesday but is still strong. KOG is a buy below $5.00 if we see another major pullback. Discuss KOG

Paramount Gold and Silver Corp. (PZG) - Paramount Gold and Silver Corp. (PZG) is my Top Gold Stock for 2011. PZG is trading back near $3. PZG will have resistance located at $3. PZG is a buy below $2.20.American International Group, Inc. (AIG) - American International Group, Inc. (AIG) was 5% on Wednesday. AIG will have resistance located at $26. AIG has support located at $21.

Sirius XM Radio (SIRI) - Sirius XM Radio (SIRI) stock is back in the $160's. Sirius XM Radio (SIRI) will now have support at $1.60. Sirius XM Radio (SIRI) is a sell into any rally due to higher competition such a Pandora Media (P).

Dryships Inc. (DRYS) - Dryships Inc. (DRYS) is now trading back near $3.00. DryShips (DRYS) will now have resistance located at $3.00. Drys has support at $2.00.

Direxion Daily Financial Bear 3X Shares (FAZ) Daily Finan. Bull 3X Shs(ETF)(FAS) - Daily Finan. Bull 3X Shs(ETF)(FAS) is trading back near $13. FAS will have support located at $12.77 with resistance located at $15. FAS is a strong buy below $12 per share. Direxion Daily Financial Bear 3X Shares (FAZ) is a buy if you think the bank stocks will drop.

Research In Motion Ltd. (RIMM) - Research in Motion Ltd (RIMM) is now trading back in the $18's. Research in Motion (RIMM) will have support down at $17. Research in Motion (RIMM) will have resistance up at $25.

Cisco Systems, Inc. (CSCO) - Cisco Systems, Inc. (CSCO) is now trading back in the mid $17's. CSCO has rewarded buyers below $17 over the summer. Cisco Systems (CSCO) will have support down around $17. Cisco Systems is a strong buy below $16 going forward. Resistance is located between $18-$19.

Amazon.com Inc. (AMZN) - Amazon.com Inc. (AMZN) is trading back near $210. AMZN will hit resistance at $220 while hitting support around $195.

Baidu, Inc. (BIDU) - Baidu, Inc. (BIDU) is trading back near $135. Baidu Inc. (BIDU) will have support around $130 going forward. BIDU will have resistance at $150 & $165.

Goldman Sachs Group, Inc. (GS) - Goldman Sachs Group (GS) is back to $100 as people sell the bank stocks. Goldman Sachs (GS) will face resistance at $110. Goldman Sachs (GS) has support located at $95.

Potash Corp. of Saskatchewan, Inc. (POT) - Potash Corp. of Saskatchewan, Inc. (POT) is back trading below $48. Potash Corp will have support located at $44.50. Potash Corp. of Saskatchewan, Inc. (POT) is a strong buy below $45.